Show indebtedness of eureka city reduced to the present city a administration which has made a reputation by al was s doing the right thing at the proper time with but little talk and horse play has ordered city treassie trea suie e john morley to take up worth of the outstanding bonds before the first of next month the matter was brought up at the council meeting last friday night mr morley stating that 2000 on this bond issue mould be due next month after discussing the matter a few minutes the council men present voted to pay off worth ft orth of these bonds instead of the 2 this will simply cut the bond ed indebtedness of the cita cit in two as there is 14 woith of bonds out standing in taking the bonds up be fore they mature the elev saves a great deal of interest this bond is sue is one of the democratic legacies the bonds having been issued to put ina in a water system which had to be replaced according to the monthly statement of treasurer john morley which is published elsewhere in this issue there was a cash balance of over 10 in the treasury on the first of the present month after the bonds are taken up there v mill ill still be about and mi morley says that the receipts of the city are now sufficient to cover the empens s the tax ley for the present year vear will be much lower than in the past as it will not I 1 be necessary to take up any more bonds this should be good news to the property owners |